How does bankruptcy affect you family?

Credit-wise? Emotionally? Socially? You're question is waaay too vague.

Bankruptcy can affect you socially, financially and legally.

It affect more in emotionally, Because you would be worry about that, but in some cases there is good advise for that, by making some financial advice to do some counseling.

The bankruptcy can affect to the family because if the head or the father of the family can have a bankrupt so the family also affected.